Sanjay Asher, Senior Partner at Crawford Bayley & Co, states that there is a legal divide among international banks regarding their support for the Adani Group. Japanese and Middle Eastern banks seem supportive after thorough analysis, while some European banks like Barclays and Jefferies are cautious. Investors should view these developments from a medium to long-term perspective.
FIIs sold about Rs 11,000 crore worth Indian stocks in 2 days of US-Iran war
Foreign investors sold nearly Rs 11,000 crore in two March sessions amid escalating West Asia tensions, surging crude prices and currency volatility. DIIs offered support,